The Jamaica Stock Exchange Main Market ended trading on Thursday, with the market declining after more stocks fell than rose after investors exchanged 50 percent fewer shares than on Wednesday.
At the close, the All Jamaican Composite Index shed 1,900.02 points to settle at 401,910.62, the Main Index declined by 1,720.64 points to close at 366,825.76 and the JSE Financial Index shed 0.39 points to settle at 96.76.
Trading ended with 43 securities changing hands compared to 43 on Wednesday and closed with the prices of 14 stocks rising, the prices of 21 declining and eight remaining unchanged and the average PE Ratio of the market ended at 15.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 11,372,477 shares for $74,529,571 compare to 22,689,448 units at $201,190,246 on Wednesday.
Wigton Windfarm led trading with 5.58 million shares for 49 percent of total volume followed by QWI Investments with 2.11 million units for 18.5 percent of the day’s trade and Transjamaican Highway with 1.33 million units for 11.7 percent market share.
Trading ended with an average of 264,476 units changing hands at $1,733,246 for each security, in comparison to an average of 527,662 shares at $4,678,843 on Wednesday. The average trade for the month to date ended at 441,102 units at $2,920,753 for each security, in contrast to 451,449 units at $2,990,321.
Trading month to date is well ahead of July with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments dropped 90 cents to close at $53.20, with 5,447 stock units crossing the market, Caribbean Cement advanced $3.63 in ending at $47.63 while exchanging 3,967 shares, First Rock Capital shed 40 cents to close at $12.50 with investors switching ownership of 1,997 units. Grace Kennedy carved out a gain of $1.44 in closing at $56.45, with an exchange of 3,254 shares, Jamaica Broilers Group fell 80 cents to $24 with 62,057 stock units changing hands, Jamaica Producers Group advanced $1 to end at $21 in trading 414 units. Jamaica Stock Exchange lost $1.47 to end at $17.53 after trading 46,764 units,
JMMB Group carved out a loss 50 cents to close at $30, with 44,422 stocks crossing the market, Kingston Properties shed 40 cents in closing at $7.20 with an exchange of 169 stock units. Kingston Wharves rose 95 cents to close at $50 in exchanging 572,067 stocks, NCB Financial Group dropped $3.97 to end at $136.01 after trading 158,851 shares, Palace Amusement dropped by $50 in closing at $1700 crossing the market one stocks. PanJam Investment gained $6 to end at $71 in trading 1,520 stocks, Proven Investments advanced 40 cents to $36.50 with investors swapping 20,001 stock units, Sagicor Group shed 50 cents to close at $45 after exchanging 18,139 units. Scotia Group dropped by $2.50 in ending at $47, with an exchange of 112,320 shares and Victoria Mutual Investments gained 40 cents and closed $6.90, with investors switching ownership of 117,840 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index increased 1,974.17 points to settle at 403,525.65, Main Index gained 1,787.12 points to close at 368,099.13 and the JSE Financial Index advanced by 0.67 points to finish at 96.52.
Trading for the day ended with an average of 229,432 units changing hands for the day at $1,207,987 for each security, in comparison to an average of 441,246 shares at $1,282,200 on Thursday. The average trade for the month to date ended at 460,700 units at $2,591,884, in contrast to 479,152 units at $2,702,302. Trading month to date compares adversely to July with an average of 392,128 shares for $2,444,356.
Jamaica Stock Exchange fell 35 cents to settle at $20.14 with 3,815 stock units traded, JMMB Group advanced 60 cents to close at $31.30 with investors switching ownership of 38,865 units, Kingston Properties finished 40 cents higher at $7.60 with 250 stock units changing hands. Kingston Wharves declined by 90 cents to end at $49.10 with an exchange of 3,134 units, NCB Financial Group increased by $1 to close at $139, with 30,821 stocks traded, PanJam Investment climbed $3.50 to end at $68 with investors transferring 932 stock units. Proven Investments carved out a loss of $1.75 to finish at $34.10 with 40,514 stock units changing hands, Scotia Group climbed $1.75 to settle at $48 in the exchange of 27,903 stock units, Seprod dropped 50 cents to end at $54.50 with 5,874 stock units traded and Wisynco Group carved out a loss of 50 cents to close at $16.90 with 48,649 stock units crossing the exchange.
At the close, the All Jamaican Composite Index lost 1,959.50 points to settle at 403,412.62, the Main Index shed 1,852.03 points to close at 368,158.32 and the JSE Financial Index dipped 0.13 points to end at 95.96.
Trading month to date compares well, with July that ended with an average of 392,128 shares for $2,444,356.
Mayberry Investments advanced by 75 cents in closing at $5.85, with 36,930 units passing through the market, MPC Caribbean Clean Energy lost $10.99 to close at $152.01 after exchanging 123 stock units, NCB Financial Group declined by $7.50 to close at $131 and finishing with 199,286 stock units crossing the exchange. Palace Amusement rose 50 cents to close at $1,552 after clearing the market with 19 units, PanJam Investment climbed $2 to close at $72 with investors swapping 3,804 stocks, Proven Investments rose $2.04 to close at $35.94 and finishing trading of 18,376 shares. Salada Foods carved out a gain of $1 to settle at $29 with investors swapping 50 units, Scotia Group rose $1 to end at $46, with 1,660 stock units changing hands, Seprod carved out a gain of $1 to settle at $55 in trading 16,225 stock units. Stanley Motta fell 33 cents in finishing at $4.80 trading 1,000 stocks and Sygnus Credit Investments lost 39 cents to end at $15.50, with 22,258 shares clearing the market.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.
Trading ended with an average of 909,763 units changing hands for the day at $3,152,673 for each security, in comparison to an average of 152,000 shares at $1,199,070 on Wednesday. The average trade for the month to date ended at 401,777 units at $1,737,639 for each security, in contrast to 330,159 units at $1,538,143 on Wednesday. Trading month to date compares well to July with an average of 374,929 units at $2,445,605 (392,128 shares for $2,444,356.
Kingston Wharves climbed 50 cents to $53, with just 2,071 units passing through the market, Mayberry Investments carved out a loss 75 cents to settle at $5.15 in an exchange of 19,239 shares, Mayberry Jamaican Equities dropped by 45 cents to close at $8.75 with investors wapping 152,360 units. NCB Financial climbed $7.88 trading 65,722 stock units at $137.90, PanJam Investment rose $1.75 to end at $68.50, with 11,860 shares changing hands, Proven Investments dropped $1.90 in ending at $33.80, with 2,500 stocks passing through the market. Sagicor Group increased by $4 to close at $44 in exchanging 682,448 stocks, Salada Foods shed $2 to settle at $25 after exchanging 42,000 units, Scotia Group dropped $1.73 to end at $46 in an exchange of 3,707 stocks. Seprod lost $2.24 to close at $54 in an exchange of 16,518 stocks, Stanley Motta rose 38 cents to settle at $5.13 with investors switching ownership of 37 shares, Supreme Ventures lost 65 cents to end at $14.50 with investors trading 152,771 shares. Victoria Mutual Investments declined by 37 cents to $6.57 with 69,669 stock units changing hands and Wisynco Group gained 58 cents to end at $17.79, with 11,650 stocks clearing the market.
For the month to date, the average trade is 330,159 units at $1,538,143 for each security that traded, in contrast to 360,995 units at $1,596,828 to Tuesday. Trading for the month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance carved out a gain of 50 cents ending at $7.50 with investors swapping 1,135 units, Kingston Properties increased 57 cents to $7.60 after exchanging ten units. Kingston Wharves declined by $1.30 to close at $52.50 passing through the market 7,089 stock units, MPC Caribbean Energy declined by $19.85 to settle at $150 in trading 770 stock units, NCB Financial fell by $6.98 in closing at $130.02, with 222,268 shares passing through the market. Proven Investments increased 30 cents to settle at $35.70 in an exchange of 27,348 shares, Sagicor Group advanced by 90 cents in ending at $40 after trading 52,290 units, Salada Foods dropped by $1 to end at $27 in an exchange of 1,000 shares. Seprod advanced by $1.24 to close at $56.24 after trading 5,507 stocks, Sygnus Credit Investments shed 31 cents to close at $15.99 with 7,381 stocks changing hands and Wisynco Group shed 67 cents to end at $17.21 with investors swapping 82,451 units.
At the close of the market, the All Jamaican Composite Index carved out a loss of 2,268.81 points to settle at 402,943.87. The JSE Main Index fell 2,044.31 points to end at 367,809.77, the JSE Financial Index fell 0.24 points to settle at 94.83.
The day ended with 269,280 units on average trading at $1,129,730 for each security, in comparison to an average of 308,397 shares at $1,154,272 on Monday. The average traded for the month to date is 360,995 units at $1,596,828 for each security, in contrast to 378,165 units at $1,684,276 on Monday. Trading month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance fell 50 cents to end at $7, with 34,354 shares passing through the market. NCB Financial Group climbed $3.45 to end at $137 after 79,513 shares crossed the exchange, 138 Student Living rose 60 cents to $6.60, finishing trading with 3,119 stock units, PanJam Investment fell $1.26 to $66.74, with an exchange of 11,013 shares, Proven Investments advanced by 40 cents to close at $35.40 trading 151 units. Sagicor Groupfell $1.41 after closing at $39.10 and exchanging 39,769 stocks, Sagicor Real Estate Fund lost 84 cents to end at $8 in trading 10,098 units, Salada Foods climbed $1 to close at $28 and clearing the market with just 200 shares. Scotia Group gained $3.30 to close at $47.50, finishing trading of 7,124 shares, Seprod fell $1.96 to close at $55 after exchanging 31,637 stocks and Stanley Motta declined by 38 cents to settle at $4.75 in trading 15,000 shares.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
Sagicor Real Estate Fund dropped $1.03 to end at $7.86 trading 455 stocks. Salada Foods shed $2 to close at $27 in an exchange of 265 stock units, Scotia Group lost $3.70 to settle at $48 with 41,184 shares traded, Supreme Ventures lost 39 cents to finish at $15.10 with 130,605 shares changing hands. Sygnus Credit Investments fell 30 cents to end at $16.50, with an exchange of 11,550 stock units, Victoria Mutual Investments gained 53 cents to finish at $7.03, with investors transferring 257,519 units and Wisynco Group carved out a loss 57 cents to close at $17.05 with 64,103 units crossing the exchange.
The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising in a bullish session at the start of August after more stocks rose than fell after investors exchanged 39 percent fewer shares with 70 percent higher value than they did on Friday.
The market closed with an exchange of 8,211,306 shares for $88,195,049 compared to 13,543,115 units at $51,906,344 on Friday.
Mayberry Jamaican Equities increased 60 cents to close at $9.35, with 14,901 shares changing hands, NCB Financial Group carved out an increase of $1.48 to close at $139.98 and finishing with 9,557 units crossing the exchange. Palace Amusement jumped $232.50 to close at $1,782.50 in an exchange of just four units, Proven Investments declined by 45 cents in ending at $34.30 in an exchange of 832 units, Sagicor Group rose $1.01 to settle at $44, with 3,938 stock units trading. Salada Foods rose $1 to settle at $29 with investors swapping just one stock, Scotia Group climbed sharply by $5.21 to close at $51.70 with investors trading 518,331 shares, Stanley Motta rose by 43 cents to close at $5.13 in trading 10,010 stock units. Supreme Ventures gained 49 cents in ending at $15.49 after 1,129,584 shares crossed the exchange, Sygnus Credit Investments rose 93 cents to end at $16.80 trading 1,500 shares and Victoria Mutual Investments carved out a loss 53 cents to close at $6.50 while exchanging 126,311 stock units.
An average of 380,348 units traded for the month to date at $2,530,672 for each security that traded, in contrast to 374,963 units at $2,501,819. In contrast, June ended with an average of 818,748 units at $7,498,308.
Kingston Wharves increased by $3.99 to settle at $53 with investors switching ownership of 100 shares. NCB Financial Group declined by $1 to end at $137 in clearing the market with 274,124 stock units, Palace Amusement advanced by $6.50 to end at $1,789 in an exchange of one share, PanJam Investment increased $3.99 to settle at $68.98, after 396,216 stock units changed hands. Proven Investments rose $1.49 to end at $34 after exchanging 16 shares, Sagicor Group gained 97 cents to settle at $42.97 in trading 330,558 shares, Scotia Group advanced $2.50 to $45.50 in trading 321,309 units and Sterling Investments climbed 50 cents and ended at $3.25 in an exchange of 1,598 units.